Can I retire at age 64 with 16,500,000?

Use the below retirement simulation to view the chances of a successful retirement.
Confused? Try the simple retirement calculator
About Your Retirement ?
Current Age
Retirement Age
Current Savings $
Annual Deposits $
Annual Withdrawals $
Stock market crash:
Portfolio ?
% in Stocks:
% in Bonds:
% in Cash:
Modify Stock Returns:
0%
Modify Bond Returns:
0%
Modify Cash Returns:
0%
Modify Inflation:
0%
How much money do I need to retire?

This retirement calculator runs simulations based on past data from the S&P 500, 10 Year Treasury Bond, 3 month T-Bill, and US inflation. For each year of each simulation, a random return and inflation amount is chosen.

How to use: Enter your current age and the age when you retire. Then enter your current savings, the amount that you can save annually before you retire, and the amount that you plan to withdraw after retirement. Your annual deposits and withdrawals take inflation into account. For example, if you need $50,000 to live on in retirement using today's dollars, we will automatically take into account the cost of living for your retirement years. The same is true for your annual deposits. Next, decide if you'd like to simulate a stock market crash.

In the portfolio section, choose the makeup of your portfolio with stocks, bonds, and cash. Cash assumes that your money is stored in a savings account. You can then alter the future returns and inflation. For example, if the market has historically returned about 10%, but you think the future will be worse, modify the stock returns by -3%, and the future returns will average out to 7%. Investment fees can also lower stock market returns. Many index funds and ETFs offer extremely low fees and expenses.

Many people receive income in retirement, such as social security, pension plans, part time jobs, annuities, and other benefits. This would allow you to take out smaller distributions every year. Please note that taxes must also be considered, but are not used in this simulation. A 401k, Roth IRA, and Traditional IRA are taxed differently than a standard investment account, as are dividends.

Note: This assumes that the future is at least somewhat like the past. In reality, anything could happen. The Soviet Union collapsed, Japan's Nikkei Index is still well below its 1989 peak. Numerous other markets have changed drastically and never recovered. However, this online tool is helpful in retirement planning and estimating how much you might need for retirement, especially those hoping to retire early. We recommend receiving advice from a financial planner.

Want to retire with $16,500,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13%
1 years$1,362,555$1,350,418$1,338,576$1,327,019$1,315,733$1,299,292
2 years$674,532$661,969$649,794$637,990$626,540$609,996
3 years$445,221$432,604$420,460$408,766$397,502$381,371
4 years$330,588$318,010$305,987$294,493$283,502$267,906
5 years$261,826$249,324$237,459$226,199$215,514$200,500
6 years$216,000$203,592$191,902$180,893$170,529$156,114
7 years$183,280$170,976$159,471$148,722$138,686$124,876
8 years$158,751$146,558$135,244$124,759$115,053$101,847
9 years$139,683$127,605$116,486$106,267$96,891$84,284
10 years$124,437$112,478$101,555$91,603$82,556$70,538
11 years$111,972$100,132$89,407$79,722$71,001$59,561
12 years$101,592$89,873$79,347$69,927$61,528$50,654
13 years$92,815$81,219$70,891$61,735$53,654$43,332
14 years$85,299$73,826$63,696$54,802$47,032$37,247
15 years$78,790$67,441$57,509$48,873$41,411$32,147
16 years$73,101$61,876$52,140$43,761$36,599$27,839
17 years$68,087$56,986$47,446$39,319$32,451$24,178
18 years$63,634$52,657$43,312$35,434$28,854$21,050
19 years$59,655$48,802$39,650$32,018$25,718$18,365
20 years$56,078$45,349$36,389$28,998$22,972$16,051
21 years$52,846$42,241$33,470$26,318$20,558$14,051
22 years$49,912$39,431$30,848$23,929$18,427$12,317
23 years$47,237$36,879$28,483$21,793$16,541$10,809
24 years$44,789$34,553$26,342$19,876$14,867$9,496
25 years$42,540$32,426$24,398$18,152$13,378$8,349
26 years$40,467$30,475$22,628$16,597$12,051$7,347
27 years$38,551$28,681$21,012$15,192$10,865$6,469
28 years$36,775$27,026$19,533$13,919$9,804$5,700
29 years$35,124$25,496$18,177$12,764$8,852$5,025
30 years$33,587$24,078$16,932$11,714$7,999$4,431
31 years$32,151$22,762$15,785$10,759$7,232$3,910
32 years$30,808$21,537$14,727$9,887$6,541$3,451
33 years$29,549$20,396$13,751$9,092$5,920$3,047
34 years$28,367$19,331$12,848$8,366$5,360$2,691
35 years$27,254$18,335$12,012$7,701$4,855$2,377
36 years$26,206$17,403$11,237$7,092$4,399$2,100
37 years$25,216$16,529$10,518$6,535$3,987$1,856
38 years$24,281$15,708$9,849$6,023$3,614$1,640
39 years$23,397$14,937$9,228$5,554$3,277$1,450
40 years$22,558$14,211$8,649$5,123$2,973$1,282
41 years$21,763$13,528$8,110$4,726$2,697$1,133
42 years$21,007$12,883$7,608$4,362$2,447$1,002
43 years$20,288$12,275$7,139$4,026$2,221$886
44 years$19,604$11,701$6,701$3,718$2,016$784
45 years$18,953$11,158$6,292$3,433$1,830$693
46 years$18,331$10,644$5,910$3,171$1,662$613
47 years$17,738$10,158$5,552$2,930$1,509$542
48 years$17,171$9,697$5,217$2,707$1,370$480
49 years$16,629$9,260$4,904$2,502$1,245$425
50 years$16,110$8,846$4,610$2,313$1,130$376

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 64 starting with $16,500,000, adding $4,271 every year, while hoping to spend $22,512 every year in retirement. These numbers increase with inflation.
Reality usually performs much different than the expected returns. This uses historical averages, but anything can happen. In general, riskier investments have greater returns on average, but more volatility in the short term.
Age Total: 100% Stocks Total: 100% Bonds Total: 100% Cash Total: 77/17/6 Blend
63$16,500,000$16,500,000$16,500,000$16,500,000
64$18,187,406$17,312,906$17,057,156$19,577,474
65$20,018,568$18,137,285$17,604,618$21,314,769
66$22,035,755$19,001,305$18,169,665$23,215,619
67$24,257,917$19,906,884$18,752,864$25,298,938
68$26,705,936$20,856,033$19,354,796$27,582,839
69$29,402,825$21,850,862$19,976,066$30,087,264
70$32,373,943$22,893,584$20,617,294$32,834,163
71$35,647,234$23,986,518$21,279,122$35,847,702
72$39,253,492$25,132,097$21,962,212$39,154,486
73$43,226,650$26,332,872$22,667,248$42,783,807
74$47,604,104$27,591,518$23,394,936$46,767,916
75$52,427,060$28,910,841$24,146,004$51,142,324
76$57,740,929$30,293,781$24,921,205$55,946,136
77$63,595,751$31,743,424$25,721,313$61,222,411
78$70,046,671$33,263,005$26,547,130$67,018,568
79$77,154,455$34,855,916$27,399,482$73,386,825
80$84,986,069$36,525,715$28,279,224$80,384,694
81$93,615,306$38,276,132$29,187,236$88,075,511
82$103,123,485$40,111,081$30,124,427$96,529,034
83$113,600,221$42,034,664$31,091,735$105,822,092
84$125,144,265$44,051,184$32,090,129$116,039,309
85$137,864,441$46,165,154$33,120,610$127,273,892
86$151,880,672$48,381,305$34,184,209$139,628,510
87$167,325,112$50,704,600$35,281,991$153,216,250
88$184,343,392$53,140,243$36,415,056$168,161,684
89$203,095,997$55,693,694$37,584,539$184,602,032
90$223,759,779$58,370,676$38,791,612$202,688,456
91$246,529,629$61,177,191$40,037,483$222,587,472
92$271,620,313$64,119,535$41,323,401$244,482,520
93$299,268,504$67,204,312$42,650,654$268,575,682
94$329,735,012$70,438,444$44,020,572$295,089,584
95$363,307,250$73,829,194$45,434,527$324,269,487
96$400,301,943$77,384,178$46,893,937$356,385,592
97$441,068,121$81,111,382$48,400,264$391,735,580
98$485,990,413$85,019,184$49,955,017$430,647,411
99$535,492,680$89,116,369$51,559,755$473,482,412
100$590,042,012$93,412,150$53,216,085$520,638,671